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EN
Earnings: RELX's Exhibition Division Delivers 8% Growth as Emerald Leans on Acquisitions
['Danica Tormohlen']
tsnn
As the Q2 earnings season progresses, two public exhibition organizers, RX and Emerald, recently released their financial results, and both are reporting positive revenue growth.
By the numbers: RELX reported adjusted operating profit of $1.82 billion, compared with $1.74 billion—recording underlying growth of 9%.
Margin expansion: “Exhibitions delivered underlying revenue growth of 8% with strong ongoing growth now established above pre-pandemic levels,” RELX CEO Erik Engstrom said in an earnings webcast.
Deeper dive: For the full year of 2024, RX reported underlying revenue growth of 11% and adjusted operating profit growth of 31%.
In 2024, RELX reported full-year revenues of $12.54 billion with an underlying growth of 7%, and an adjusted operating profit of $4.25 billion with underlying growth of 10%.
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